It's not just places like New York that are saturated. I live west of the Rockies, and not in California. In my metropolitan area, new grads who want to live in or near the city also pay a price for that privilege with low salary and competition. There is a pa school in town putting out new grads every year. Rural is better, but it's not putting those folks in 140k territory. To make as much as a physician, you are talking about working some serious overtime. A newer surgery PA was telling my surgical tech friend that they made 85k working 55 hour weeks with call. As a nurse, if I worked 55 hours a week, I'd make that much without having to take call. That PA left for a better deal elsewhere, so it's imaginable that was an outlier of sorts, but I hear about new grads up against that kind of market. That PA has $250k debt from PA and undergrad from one of the best schools in the nation.
One of the reasons I made the switch from looking at PA to NP was the cost factor. I was looking at $150k debt and lost income. Not worth it to me. I'm debt free, with a large chunk of my house paid off, and will finish my NP having paid very little cost. There are smart ways to manage cost, and it helps to take that into consideration. That's tough to do if you get an acceptance letter saying you got into PA school. It's like "the good news is you got into pa school, the bad news is that you only got into the expensive ones that also require a move to an expensive place." It's hard enough to get into that some people don't ask themselves if that particular scenario is worth it long term.
Dental school seems like it's a really good investment. But the job would drive me nuts, I think. I was heavy into pursuing dental school for a while until I realized that.